As technology continues to enable rapid innovation in private asset investing, GP Fund Solutions is pleased to welcome Sumit Mondaiyka to its leadership team as Chief Technology Officer. GPFS, a boutique provider of fund administration and data strategy services to top private fund managers, established this new CTO role to shape its technology strategy and ensure the scalability, stability, and efficiency of its internal technology systems. Mondaiyka joined on Aug. 5 and will be based at the company’s global headquarters in Latham, N.Y.
“Private fund administration has far evolved beyond traditional accounting and reporting,” said Glen Shields, CEO of GPFS. “Fund managers can gain a competitive edge by adopting a data-driven reporting approach that tackles rising complexity, increasing regulatory demands, and growing investor expectations for information and transparency. Adding Sumit to our team to help steer our technology roadmap is a huge win for both us and our clients,” Shields said.
Mondaiyka brings 25 years of transformative enterprise IT leadership experience. He most recently served as VP of Technology at Liberty Bank, where he led innovation, business strategy, and technology transformation initiatives including the use of robotic process automation and architecture strategies for compliance and data security.
Prior to Liberty Bank, Mondaiyka was a senior digital director at GE for more than a decade. He partnered with various GE businesses, including Aviation, Capital, Health, and Power, to consolidate 16 separate ERP systems to a single platform. As a Six Sigma Green Belt, he focused on process rigor while improving applications and reducing technical debt for GE’s stakeholders across businesses in the US and Europe.
“From my first meetings with the GPFS team, I was impressed by the company’s commitment to technology transformation," said Mondaiyka. “In a landscape where technology is constantly changing, our goal is to use it as a vehicle for growth, learning, inclusivity, consistency, and outstanding customer experience.”
In his new role, Sumit will collaborate closely with the GPFS team to introduce new technologies and innovative solutions that will enhance service delivery and drive growth. He is particularly excited about the opportunity to thrive in a strong culture that prioritizes high-quality service and leveraging industry-leading technology platforms and data analytics to create exceptional experiences for both customers and employees.
